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The DIBS Method... No Free Lunch continues

  • #5,561
  • Oct 2, 2008 5:50am Oct 2, 2008 5:50am
Quoting my30marahaba
Dear All,

I Apologize to you all, i'm not mean to brake the DIBS system just want to learned from you all and sharing with you all, hopely can help me to more understand with the system.....
thanks a lot for your explanation,......

best regards,
my30marahaba
It's not rocket science pal - you just have to read the thread like everyone else. This is not a kindergarten!
Never argue with a fool....
  • #5,562
  • Oct 2, 2008 6:20am Oct 2, 2008 6:20am
Quoting jarroo
Nice DIBS trade on the Euro and Gbp/Jpy. 0500 GMT IB. Sorry can't post charts.
Euro and Gbp/Jpy. DIBS
Attached Images
Indicators show the past. Price Action "Indicates" the future.
  • #5,563
  • Oct 2, 2008 6:24am Oct 2, 2008 6:24am
Eur/Jpy
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,564
  • Oct 2, 2008 7:00am Oct 2, 2008 7:00am
Nice trades Jarroo. I missed that morning trade on the Euro but I took another short ~two hours ago which is freetrade now. I'm still running the trade I took on Tuesday, it's up 460 pips now! I think I should start looking at other pairs too, euro has worked fine for me.

- finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #5,565
  • Oct 2, 2008 7:07am Oct 2, 2008 7:07am
Quoting finnfx
Nice trades Jarroo. I missed that morning trade on the Euro but I took another short ~two hours ago which is freetrade now. I'm still running the trade I took on Tuesday, it's up 460 pips now! I think I should start looking at other pairs too, euro has worked fine for me.

- finnfx
I wish I took these trade but I missed them. Trying to get back to my regular schedule.

Nice trade on Tuesday. Not surprising, 460 pips. This is what DIBS trading is all about.
Indicators show the past. Price Action "Indicates" the future.
  • #5,566
  • Oct 2, 2008 10:38am Oct 2, 2008 10:38am
Quoting tigertrader
Again to quote Peter:

"The first 10 are the hours when 90% of the trends that actually develop WILL develop.

Think about that for a few minutes.

Perhaps you might figure out other strategies that might be profitable to you. "

Hmm - is this a light bulb moment!

  • #5,567
  • Oct 2, 2008 1:30pm Oct 2, 2008 1:30pm
Quoting MPP
Good coders will tell you, if the rules are set in stone then it can be coded, unfortunately Dib's has yet to find the filter that can be coded, most people trade it using some form of discretionary method which cannot be coded, if you can set the rules someone here can code it.

First you must set the rules.
Hmm. Well in my mind the EA would move the stop loss quite aggressively so in the end it would probably turn out to be more of a 10 or 15 scalping method rather than a breakout trade. I realise this is not what DIBS is about so i will stop here. I guess i am just wishing that i could get in the action. Oh well back to the daily's.
  • #5,568
  • Oct 3, 2008 2:14am Oct 3, 2008 2:14am
Not that I'd know an EA if I fall over one - but why would an EA have to move the stop loss?
Set one trade with an s/l and a take profit order and the other trade (the floater) with just a s/l. So you have an EA to get in the trades and check the stops yourself the next morning.
Good Trading
  • #5,569
  • Oct 4, 2008 12:28am Oct 4, 2008 12:28am
Quoting avi
i use your indi.its show at 0500.my time is gmt+3 so i am confused .dibs on what time thanks
As indicated inside the "DIBS TriggerLines v1.2a (AAD Mods)" indicator options, if your brokers daily bar starts at GMT +3, then your DIBS open hour is 9 Standard, 8 Daylight Savings.

So for now we are still in Daylight Savings so use 8 as your DIBS open hour setting.


Broker Starting Time | DIBS Standard Time | DIBS Daylight Savings Time
__________________________________________________________

ODL (GMT 0) | 06:00 GMT | 05:00 GMT

IBFx (GMT 0) | 06:00 GMT | 05:00 GMT

CrownForex (GMT 0) | 06:00 GMT | 05:00 GMT

FxPro/North Finance (GMT +3) | 09:00 GMT | 08:00 GMT

StraightHold/SIG Trader (GMT +3) | 09:00 GMT | 08:00 GMT

Water House Capital/WHC Trader (GMT +2) | 08:00 GMT | 07:00 GMT

Forex LTD (GMT +2) | 08:00 GMT | 07:00 GMT

Alpari UK (GMT +2) | 08:00 GMT | 07:00 GMT
Attached File(s)
File Type: pdf Broker Daily Bar Opening GMT Time.pdf   74 KB | 1,293 downloads
  • #5,570
  • Oct 4, 2008 2:14pm Oct 4, 2008 2:14pm
Dear Thread,

Are IBs more tradeable than narrow range days ala Toby Crabel? I would think not. Thoughts?

Thanks,

Lenoxer
  • #5,571
  • Oct 5, 2008 10:44am Oct 5, 2008 10:44am
Judy requested that the position size for primary and secondary order have a better sizing mechanism than simply splitting them equally.

so here's my version 7.

added inputs are

Primary_LotSize_Percent with default value 100
Secondary_LotSize_Percent with default value 0

these 2 values defines how much weightage of position size in percent you want the primary or secondary orders to have.

Note:

1. These 2 values MUST add up to 100.
2. if you set OpenSecondaryOrder to true, Secondary_LotSize_Percent MUST have a value greater than 0.
3. if you set OpenSecondaryOrder to false, Primary_LotSize_Percent MUST be 100.

if any of the above added rules aren't met, the EA won't run. I've made sure of that. hope this helps.

regards,
Zen
Attached File(s)
File Type: ex4 DIBS_EA_ver7.ex4   28 KB | 940 downloads
File Type: mq4 DIBS_EA_ver7.mq4   27 KB | 2,793 downloads
Programming for a better future.
  • #5,572
  • Oct 6, 2008 1:08am Oct 6, 2008 1:08am
Good morning everyone!

My week back short is still running, now 760pips. The other short I took was stopped out after I moved SL to +20 when it was 100 pips in profit. I wish I wouldn't have done that, after all it was freetrade already and would be 300 pips now . Anyway it's all profit and now I'm just waiting for new opportunities.

Have a great week everyone! Talk to you later!
- finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #5,573
  • Oct 6, 2008 1:24am Oct 6, 2008 1:24am
E/J off the 0500GMT IB. With the trend.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,574
  • Oct 6, 2008 1:26am Oct 6, 2008 1:26am
G/Y 0500 GMT IB
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,575
  • Oct 6, 2008 1:34am Oct 6, 2008 1:34am
Nice signal on the Gbp/Usd. 0500 GMT IB
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,576
  • Oct 6, 2008 1:38am Oct 6, 2008 1:38am
It's a DIBS Monday. There're all over the the place.

CAD
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,577
  • Oct 6, 2008 1:53am Oct 6, 2008 1:53am
Quoting jarroo
Nice signal on the Gbp/Usd. 0500 GMT IB
Ouch. -35 pips. I will not take the long but will short the signal again.
Indicators show the past. Price Action "Indicates" the future.
  • #5,578
  • Oct 6, 2008 1:56am Oct 6, 2008 1:56am
I'm only taking DIBS trades with the trend this morning.
G/Y signal long was a no trade to me.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #5,579
  • Oct 6, 2008 2:02am Oct 6, 2008 2:02am
Quoting jarroo
Ouch. -35 pips. I will not take the long but will short the signal again.
Let's try this again
Indicators show the past. Price Action "Indicates" the future.
  • #5,580
  • Oct 6, 2008 3:03am Oct 6, 2008 3:03am
Quoting jarroo
Let's try this again
jaroo your gu signal is 04:00 , all the others are 05:00
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